Middle‑Income Travelers Boost Hilton’s Summer Bookings
Hilton is seeing a shift toward higher spending for middle income consumers… strong summer bookings
U.S. Economy Still 1.5× Larger Than China
There were predictions about China overtaking the U.S. economy by now, but the U.S. is at least 1.5 times bigger at $32 trillion vs China’s $20 trillion. China’s economy has been plagued in recent years by deflation, a property crisis and...
Tax Refunds Surge 18% to $320.5B This Season
Nice economic boost. $320.5B has been refunded to taxpayers this season so far, up +18.3% from last year. Through 5/1, the average refund amount is tracking up +11.1% from last year to $3,273. Chart via RBC https://t.co/Dt3vcAqRtX
Citi CEO Warns Inflation Will Persist Longer Than Expected
“I don’t think it’s fully appreciated” Jane Fraser, Citi CEO, says she expects a more protracted inflation problem
Kevin Warsh Struggles to Push Rate Cuts At
It’s getting harder for Kevin Warsh to come into the Fed and push for rate cuts, if he even still wants them…
Griffin Claims War Stalls Iran's Nuclear Program, Despite Public Backlash
Here’s what Ken Griffin told me on @CNBC about the war: “With this war, I believe the president has done a great service to humanity by curtailing and containing Iran's nuclear ambitions. The combination of the strikes on their nuclear facilities...
Artemis II Crew Weigh Elon Musk’s Role in Space Revival
I asked the crew of Artemis II how much credit @elonmusk deserves for bringing back America’s space program https://t.co/HxoL0FzEtC
PIF to End LIV Golf Funding After Season
News: LIV Golf is expected to tell players and staff as early as tomorrow that Saudi’s sovereign wealth fund PIF will be wrapping up investment in LIV at the end of the season, according to people familiar with the matter....
US Investors Finally Get Direct Access via IPO
“I’m an American investor running an American company, and I invest in American companies. But we don’t have a way for US investors to invest with us until today.” @BillAckman joins us on ipo day
German Chancellor Says US Humiliated by Iran
German Chancellor Friedrich Merz said Monday that the U.S. is being “humiliated” by the Iranian regime I asked @MikeFroman Whose side is Germany on?
Dalio Warns Warsh's Fed Appointment Would Risk Premature Rate Cuts
Ray Dalio thinks “it would be a mistake” if Kevin Warsh comes to the Fed and tries to cut rates now https://t.co/WruNFHVCli
Investigation Closed, IG Takes Over—Win for Powell, Warsh
“Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry.” Good news for Powell and for Warsh
Senator's War Critique May Undermine Peace Negotiations
I asked the Senator if her constant public trashing of the war and the President weakens our position at a high stakes moment to negotiate a more peaceful non-nuclear Iran and Middle East
Inflation Improving, Trend Favorable Despite Imperfect Measures
“Inflation has been Improving somewhat.. the measures I prefer… they’re not where they should be but the trend is quite favorable” Kevin Warsh on inflation
Trump Claims Blockade Gives Total Control of Strait
“I think we’re in a very strong negotiating position… the blockade has been a tremendous success. We totally control the Strait.” President Trump on @CNBC